Overview
What is Small Business Empowerment Center?
The Small Business Empowerment Center is a nonprofit organization situated in Saint Louis, Missouri, specifically at 911 Washington Avenue Ste 805. Their primary mission is to offer training, technical assistance, and entrepreneurial education to small businesses in high-poverty areas within the greater St. Louis region. With a dedicated workforce of ten employees, they aim to empower these businesses and contribute to their growth and success. By providing these resources, the Center aims to foster economic development and improve living conditions in these communities.
Official website here: www.stlouissbec.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Small Business Empowerment Center has demonstrated a strong performance with a Four-Star rating from Charity Navigator, indicating a high level of accountability and transparency. The organization's scores reflect a solid financial foundation and effective management practices, with an impressive Program Expense Ratio of 80.02%, signifying a commitment to its mission-focused initiatives.
Strengths highlighted include a perfect score in Culture & Community and Leadership & Adaptability, showcasing a robust organizational culture and an agile response to challenges. The organization has also established a majority independent board, ensuring impartial governance and oversight, which further boosts its credibility and operational integrity.
While the nonprofit excels in many areas, it is important to note the overall financial management metrics, which, although strong, could be continuously monitored for any potential improvements. Overall, the Small Business Empowerment Center appears to be a reliable organization committed to empowering small businesses through effective programs and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Small Business Empowerment Center legitimate?
Small Business Empowerment Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Small Business Empowerment Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $185,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $336,075
For more financial information, click here
Official website here: www.stlouissbec.org
What is the mission statement of Small Business Empowerment Center?
The Small Business Empowerment Center's mission is centered around providing support to small businesses in high-poverty areas. They focus on offering training, technical assistance, and entrepreneurial education to help these businesses thrive. Their primary goal is to contribute to the economic development of these communities by empowering local entrepreneurs. The center's activities are aimed at fostering business growth and promoting self-sufficiency among small business owners, thereby contributing to the overall welfare and prosperity of the community.
Official website here: www.stlouissbec.org
Who is the CEO of Small Business Empowerment Center?
Kevin Wilson is the Program Director of Small Business Empowerment Center.
Official website here: www.stlouissbec.org
What is the revenue of Small Business Empowerment Center?
Small Business Empowerment Center's revenue in 2022 was $910,054.
Official website here: www.stlouissbec.org
Who are the executives of Small Business Empowerment Center and what are their salaries?
The average compensation at Small Business Empowerment Center during 2022 was $52,108. There are 10 employees and 9 volunteers at Small Business Empowerment Center.
Here are 10 key members and their salaries:
- Compensation: $185,000
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.stlouissbec.org
Where can I find the form 990 for Small Business Empowerment Center?
Small Business Empowerment Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stlouissbec.org
Learn more at the official website: www.stlouissbec.org
Mission Statement of Small Business Empowerment Center
The Small Business Empowerment Center is dedicated to serving high poverty areas in the greater St. Louis region. Its primary mission is to offer small business training, technical assistance, and entrepreneurial education. Through this initiative, the center aims to empower local businesses and contribute to their growth and success. By providing these essential services, the Small Business Empowerment Center seeks to foster a thriving business environment in the regions it serves.
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Impact
July, 2024
The Small Business Empowerment Center has significantly impacted high poverty areas in the greater St. Louis region by providing valuable small business training, technical assistance, and entrepreneurial education. Through their efforts, they have equipped small business owners with the necessary tools and resources to succeed and thrive in their communities. Their work has not only empowered individuals to start and grow their businesses but has also contributed to the overall improvement of the community by fostering economic development and entrepreneurship.
This information is meant to be a general summary of Small Business Empowerment Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,352
- Program Service Revenue: $39,996
- Gross Receipts: $910,054
Assets and Liabilities:
- Total Assets: $720,015
- Total Liabilities: $76,686
- Net Assets: $643,329
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program service fees
Revenue
$39,996
Organization Details
Founding Year
2010
Phone
(314) 621-0816Principal Officer
Kevin Wilson
Main Address
911 Washington Avenue Ste 805, Saint Louis, MO, 63101
Website
www.stlouissbec.orgNTEE Category
Code: S20 - Community improvement
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